The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-03-28
CONDITION OF THE MARKETS,
Increased Buying by Wheat "Bulls' Re-
suits in a Slight Advance in Prices.
Corn and Oats Rule Quiet and Steady, With
out Developing Any Interesting Features
No Change in Pork. but Lard Is Firmer.
MONEY, BONDS AND STOCKS.

Favorable Bank Statement Causes a Sud-
den Change in Wall Street.
NEW YORK, March 26.-Money call easy
t305 per cent. the last loan being made at 4, and
slosed at Pig.
Prime mercantile paper soc per cent.
Sterling exchange was dull and unchanged.
The total sales of stocks to-day 261 SIG
shares, including the following: Canada Southern,
9,635; Delaware, Lackawanna s. Western, 13 500;
Erie, IL. o2O; Lake Shore, 10 $685. Louisville &Nash
vile. 1905; Northwestern. 81, $780, Ohio & Missis
sppi, 6,1O0; Reading, 22355; st. Paul, 11,13O;
Western Union 80 16.
The general impression created during the past two
days that the bank statement would be particularly
-nnfavorable had the effect of deterring woudbe
purchasers yesterday and this morning, and though
she usual firm undertone existed the market lacked
character until after the issue of the bank statement
The statement however, agreeable surprise to
the street. and the fact that the banks had succeeded
in contracting their loans without increasing the
the West without materially diminishing the surplus
reserve created an immediate revusion of feeling
and the leaders and the traders Immediately
began to buy. The absence of any material bear
interest made the advance in quotations easy mat
ter. and all the favores moved up largely increased
business About threequarters of the total business
for the day transacted after II o'clock. North
western Western Union Louisville s. Nashville, Can.
ada Southern and Michigan Central specially
strong, and among the inactive stocks, Milwaukee.
Lake Shore s. Western preferred and Ohio &
Mississippi. were most prominent for ad-
vances. San Francisco preferred. which began
fy drop Of over 1 per cent.
afterward fully recovered the loss with something in
addition. The opening was fairly steady showing in
significant changes only from last evenings final
figures and in the waiting disposition among traders
transactions dull and prices somewhat irregular,
with positive movement in either direction. To-
ward the dizziness increased the only feature
being the drop in San Francisco preferred After that
time, however. the entire market sprang into
sctivty. All the leading shares among which
were Western Union ard Louisville e. Nash
vile. conspicuous, because decidedly strong
There Il halt in the movement towards p. NJ,
aud slight reaction, but the upward movement
again renewed in the last hour. and the close was
moderately active and firm to strong at the best prices
of the day. Sales, 261 $3.50 shares
Railroad bonds were less active Colorado coal
sixes, which; after selling up 5per cent: to 1o3
finally closed with net gain of 4, at 1O1 a. Allan
tic & Pacific fours contributed 1928 600 to the total
days business of 81. 2S6. 00O Prices show very
little movement and final changes about equally
divided be gains and losses.
Government bonds dull and firm
State bonds were dull and steady. Closing quota
lions